Tag: 420Intel

Head of cannabis retailer says Canada needs thousands more stores to compete with black market weed

The chief executive officer of independent cannabis retailer Fire and Flower Holdings said this week Canada needs 4,000 pot shops in order to compete with the country’s still-thriving black market.  In an interview with BNN Bloomberg, Trevor Fencott said the Canadian illicit market for weed is still more efficient than the legal one, which has suffered numerous setbacks since legalization…

Canadian cannabis growers on coping with COVID-19 — and what they can’t wait to harvest this season

Just because there’s a global pandemic, doesn’t mean cannabis is going to stop growing — in fact, it could be we need weed more than ever before. Despite the new normal, Canada’s cannabis growers are still getting their work done. The GrowthOp spoke to three head growers across the country about how COVID-19 has affected their work, the secrets to…

What happened to cannabis stocks?

MCN examines the factors affecting the falling value of cannabis stocks and investigates whether investing in the industry is worth the risk in 2020. Investors who took the plunge on cannabis stocks in the early days of cannabis businesses’ floating on stock markets in 2016 and 2017 found the value of their shares increasing by the hundreds and thousands by…

Optimism In Cannabis Investing Exists — Even Amid A Global Pandemic

Growth opportunities remain in cannabis, but it requires creativity, enterprise and knowledge, according to top investors. Take this for an investing conundrum: Where do you put your money in an industry with enormous upside but where many companies don’t yet make profits? An industry where some states consider it “essential business” but the country considers its product illegal? Or an…

Bruce Linton raises $150 million for a hemp company during a pandemic

Although the pandemic has spelled doom for many businesses, Canadian cannabis entrepreneur Bruce Linton admits it has helped raise millions for his latest venture, Collective Growth. Collective Growth targets U.S. based investment opportunities related to hemp and CBD and started trading on the Nasdaq on May 1. In an initial public offering of a special-purpose-acquisition corporation, Linton and the team…

How Retailers Are Using Merchandise to Boost Brand Loyalty

Part of building a returning customer base is investing in a company brand; however, dispensaries in legal markets across are regulated differently state-by-state, limiting the options for traditional marketing, such as radio or TV ads, billboards, distribution of brochures in public spaces, and more. In many states, retailers are permitted to sell merchandise donning cannabis company logos and other branding—such…

Ontario’s private pot shops to stop delivery and curbside pickup

Ontario’s privately-run cannabis stores will no longer be permitted to deliver or offer curbside pickup once an emergency order issued by the province in response to COVID-19 expires. “As our province carefully moves towards recovery, the (emergency order) to temporarily allow for cannabis retail curbside pickup and delivery will end when the declaration of emergency expires, along with other temporary…

Cannabis Investment: All You Need to Know

Cannabis and its derivative products are all the rage right now. State after state legalizes its recreational use and dispensaries all over the country are making loads of money. The medicinal aspects of the plant are also heavily taken advantage of by big pharmaceutical companies, with new, branded drugs being released with cannabis as their primary component.  Although Canada is…

Thousands more pot shops needed to end illicit market: Fire & Flower CEO

Canada needs to open as many as 4,000 cannabis stores, more than triple the current number of licensed outlets, if policymakers want to eliminate the illicit market, according to the head of one of the largest marijuana retailers in the country.  Trevor Fencott, chief executive officer of Fire and Flower Holdings Corp., said that Canada would need to mirror what other legal markets…